Digital New Energy DataBM.
Announcement shows that due to changes in the situation of the photovoltaic industry, the company has optimized the allocation of resources and reduced investment risks. Decided to terminate the subsidiary Baotou New Energy 5G W Solar Photovoltaic Cell Project (with an investment of about 1.933 billion yuan) and Sun Company Baotou Silicon Carbon 10G W Crystal Pulling Project (with an investment of about 20.0 billion yuan HTML 0UNK9 The assets, reserved land and office buildings that have been invested before will be used for the construction and operation of the company's new silicon-carbon anode material project; At the same time, as the project has not been substantially constructed, the Company has made provision for impairment of construction in progress based on the principle of prudence in 2025 0 HTML 0 02903 0 290 3.0 HTML 0 UNK1 1 On the same day, Binhai Energy published its first quarterly report for 2026. During the reporting period, the Company realized a revenue of RMB210 million, representing a year-on-year increase of 118.96%; realized a net profit 0 HTML0 UNK1 2 and a loss of RMB11.211 million 0 HTML0 UNK1 3, representing a year-on-year decrease of 6.0 HTML0 UNK1 5! 5GW battery + 10G W crystal pulling project terminated! Ccement. Com/news/2604/richtext/IMG/69f1c395d1e 401341201.0 HTML0 401341201.0 6 By 2004, Lighthouse Coatings was reorganized and renamed as Tianjin Binhai Energy Development Co., Ltd. The company's business has also shifted to packaging printing and publications printing. HTML 0 UNK1 7 However, this transformation still failed to reverse the declining performance of Binhai Energy. 0 HTML 0 UNK1 8 Until October 2021, chemical giant Xuyang Holdings acquired 20% of its shares for 600 million yuan and became the controlling shareholder. In 2023, Binhai Energy officially anchored the track of new energy and new materials. 0 HTML 0 UNK1 9 First, in May 2023, Binhai Energy took the lead in entering the lithium battery anode material industry. 0 HTML 0 UNK2 0 financial data show that in the first three quarters of 2023, the net profit loss of Binhai Energy was 2.5358 million yuan, and 0 HTML 0 UNK2 1 significantly reduced the loss of 92.0 HTML 0 UNK2 2 to October 2023. Binhai Energy also launched a heavy plan with a total investment of 0 HTML 0 UNK2 325.4 billion yuan 0 HTML 0 UNK2 4. Proposed layout in Inner Mongolia 0 HTML0 UNK2 5.12 million tons of polysilicon 0 HTML0 UNK2 6 + 40GW0HTML0 UNK2 7 silicon wafer 0 HTML0 UNK2 8 + 10GW battery + 5G W
year, the coastal energy photovoltaic sector achieved a total revenue 12364 of 115 million yuan, an increase of 13.71% over the previous year; The total net profit attributable to the parent company was RMB110.345 billion, representing a year-on-year decrease of 16.2024-2025
. The cold winter of the industry continued to intensify, the whole industry chain fell into a general loss, and the photovoltaic projects of Binhai Energy were delayed due to changes in the market environment .
Forced by the situation, Binhai Energy made full provision for photovoltaic related projects in its annual report of 2025 on the grounds of "project planning direction adjustment".
Now, nearly three years later, the first phase of the 25.4 billion yuan photovoltaic integration project has been officially terminated , which basically means that the whole 25.4 billion photovoltaic project is completely "yellow" .
So far, although the broken photovoltaic dream of Binhai Energy is disappointing, timely "braking" in the cold winter of the industry is undoubtedly a "wise move" to avoid greater risks. With the accelerated liquidation of the photovoltaic industry, more similar projects may be forced to press the "pause button" in the future.
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